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Market status overview
1 March 1998
At its current rate of growth, the wind market is following projections which foresee at least a doubling of capacity by the end of 2001. The global total is nearing 8000 MW, yet market stability remains elusive, as our status reports reveal. There are signs, however, that more solid foundations are in the pipeline: Europe is tinkering with supply and demand economics, instead of subsidised markets, and US utilities are waking to the commercial viability of wind plant. The rewards to be had by consolidating in places like Spain, where licensed manufacture of turbines (right) has created a whole new industry, are getting tantalisingly close.
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